Brazil
  • pt
  • en
    • Search

    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.2

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

    1American Society of Engineers, Mar 20252Politico, 2024

    Key Information As of 06/12/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $13.91 billion
    NAV $57.75

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 06/12/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 240,840,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 06/12/26

    30-Day SEC Yield 0.50%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 06/12/26

    NAV $57.75 Daily Change $0.58 1.01%
    Market Price $57.76 Daily Change $0.58 1.01%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 05/29/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -0.93% 19.88% 17.86% 36.90% 51.14% 298.62% 03/06/17
    Returns (as of 06/11/26)
    		Return PAVE Return Index
    Since Inception 304.78% 325.15%
    12 Months 35.57% 36.10%
    24 Months 60.50% 61.81%
    Last 60 Trading Days 13.65% 13.79%
    Last 75 Trading Days 5.08% 5.19%
    Monthly Returns (through 06/11/26)
    		Return PAVE Return Index
    Jun 2026 1.55% 1.55%
    May 2026 -0.91% -0.89%
    Apr 2026 12.65% 12.75%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%
    Jun 2024 -4.38% -4.35%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 06/12/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    4.05 PWR QUANTA SERVICES INC United States 2150204 707.74 796,694 563,852,211.56
    3.57 CSX CSX CORP United States 2160753 47.57 10,438,051 496,538,086.07
    3.26 HWM HOWMET AEROSPACE INC United States BKLJ8V2 264.67 1,715,540 454,051,971.80
    3.22 NUE NUCOR CORP United States 2651086 266.35 1,681,730 447,928,785.50
    3.16 UNP UNION PACIFIC CORP United States 2914734 272.70 1,610,854 439,279,885.80
    3.15 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 458.25 957,330 438,696,472.50
    3.15 ETN EATON CORP PLC United States B8KQN82 391.39 1,118,028 437,584,978.92
    3.02 URI UNITED RENTALS INC United States 2134781 1,074.24 390,645 419,646,484.80
    2.97 DE DEERE & CO United States 2261203 577.48 714,975 412,883,763.00
    2.91 NSC NORFOLK SOUTHERN CORP United States 2641894 313.91 1,290,465 405,089,868.15
    2.90 ROK ROCKWELL AUTOMATION INC United States 2754060 459.34 878,073 403,334,051.82
    2.88 SRE SEMPRA United States 2138158 92.29 4,347,423 401,223,668.67
    2.79 FAST FASTENAL CO United States 2332262 46.57 8,324,790 387,685,470.30
    2.58 PH PARKER HANNIFIN CORP United States 2671501 903.48 397,579 359,204,674.92
    2.56 EMR EMERSON ELECTRIC CO United States 2313405 143.07 2,485,523 355,603,775.61
    2.30 CRH CRH PLC United States B01ZKD6 106.48 3,000,012 319,441,277.76
    2.18 STLD STEEL DYNAMICS INC United States 2849472 282.76 1,073,069 303,420,990.44
    2.00 VMC VULCAN MATERIALS CO United States 2931205 286.47 970,917 278,138,592.99
    1.95 EME EMCOR GROUP INC United States 2474164 823.05 329,208 270,954,644.40
    1.84 MLM MARTIN MARIETTA MATERIALS United States 2572079 577.33 443,120 255,826,469.60
    1.55 AMRZ AMRIZE LTD United States BV5F675 53.17 4,061,637 215,957,239.29
    1.51 MTZ MASTEC INC United States 2155306 362.97 579,785 210,444,561.45
    1.48 CRS CARPENTER TECHNOLOGY United States 2177504 561.49 366,069 205,544,082.81
    1.42 ATI ATI INC United States 2526117 198.48 998,337 198,149,927.76
    1.39 STRL STERLING INFRASTRUCTURE INC United States 2632876 858.99 225,707 193,880,055.93
    1.34 HUBB HUBBELL INC United States BDFG6S3 476.89 390,509 186,229,837.01
    1.22 WWD WOODWARD INC United States 2948089 386.85 439,917 170,181,891.45
    1.14 RS RELIANCE INC United States 2729068 413.43 383,931 158,728,593.33
    1.01 RBC RBC BEARINGS INC United States B0GLYB5 603.64 232,537 140,368,634.68
    1.01 FTV FORTIVE CORP United States BYT3MK1 60.14 2,327,914 140,000,747.96
    0.94 AA ALCOA CORP United States BYNF418 68.77 1,901,191 130,744,905.07
    0.89 WCC WESCO INTERNATIONAL INC United States 2416973 346.77 357,480 123,963,339.60
    0.86 IEX IDEX CORP United States 2456612 218.49 550,029 120,175,836.21
    0.81 MLI MUELLER INDUSTRIES INC United States 2609717 138.09 815,772 112,649,955.48
    0.79 J JACOBS SOLUTIONS INC United States BNGC0D3 127.00 865,313 109,894,751.00
    0.76 CSL CARLISLE COS INC United States 2176318 343.77 307,088 105,567,641.76
    0.75 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 258.25 404,367 104,427,777.75
    0.74 RRX REGAL REXNORD CORP United States 2730082 212.31 487,834 103,572,036.54
    0.72 RPM RPM INTERNATIONAL INC United States 2756174 107.05 941,130 100,747,966.50
    0.72 DY DYCOM INDUSTRIES INC United States 2289841 469.00 212,805 99,805,545.00
    0.65 GGG GRACO INC United States 2380443 74.60 1,217,186 90,802,075.60
    0.64 PNR PENTAIR PLC United States BLS09M3 73.80 1,202,488 88,743,614.40
    0.63 TRMB TRIMBLE INC United States 2903958 50.42 1,742,098 87,836,581.16
    0.63 CR CRANE CO United States BNYD4F8 206.57 423,536 87,489,831.52
    0.61 BLD TOPBUILD CORP United States BZ0P3W2 411.08 206,754 84,992,434.32
    0.61 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 230.05 366,193 84,242,699.65
    0.60 WLK WESTLAKE CORPORATION United States B01ZP20 88.50 941,557 83,327,794.50
    0.57 POWL POWELL INDUSTRIES INC United States 2697422 294.75 268,620 79,175,745.00
    0.57 VMI VALMONT INDUSTRIES United States 2926825 546.81 144,758 79,155,121.98
    0.55 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 134.95 571,460 77,118,527.00
    0.50 NWPX NWPX INFRASTRUCTURE INC United States 2035925 128.85 535,587 69,010,384.95
    0.49 ACM AECOM United States B1VZ431 70.12 966,504 67,771,260.48
    0.48 AYI ACUITY INC United States 2818461 297.24 225,285 66,963,713.40
    0.48 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 445.72 149,334 66,561,150.48
    0.47 LGN LEGENCE CORP-CL A United States BT6CC17 86.00 767,533 66,007,838.00
    0.47 AGX ARGAN INC United States 2804501 641.68 101,929 65,405,800.72
    0.46 CMC COMMERCIAL METALS CO United States 2213260 77.76 814,997 63,374,166.72
    0.45 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 77.77 812,603 63,196,135.31
    0.45 MTRN MATERION CORP United States 2149622 247.26 250,993 62,060,529.18
    0.43 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 148.83 405,701 60,380,479.83
    0.43 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 10.66 5,641,628 60,139,754.48
    0.43 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 48.39 1,229,737 59,506,973.43
    0.42 GRC GORMAN-RUPP CO United States 2379281 84.59 694,081 58,712,311.79
    0.42 CLF CLEVELAND-CLIFFS INC United States BYVZ186 13.78 4,186,413 57,688,771.14
    0.40 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 375.42 149,120 55,982,630.40
    0.39 TTEK TETRA TECH INC United States 2883890 28.43 1,917,820 54,523,622.60
    0.36 EXP EAGLE MATERIALS INC United States 2191399 215.00 235,729 50,681,735.00
    0.34 DXPE DXP ENTERPRISES INC United States 2276627 168.91 282,880 47,781,260.80
    0.34 CENX CENTURY ALUMINUM COMPANY United States 2186254 61.19 772,402 47,263,278.38
    0.34 TRN TRINITY INDUSTRIES INC United States 2904627 34.76 1,354,617 47,086,486.92
    0.34 ACA ARCOSA INC United States BGPZ5W8 129.51 360,402 46,675,663.02
    0.32 TITN TITAN MACHINERY INC United States B29H3T5 20.26 2,235,010 45,281,302.60
    0.32 GVA GRANITE CONSTRUCTION INC United States 2381189 140.60 320,725 45,093,935.00
    0.31 MTX MINERALS TECHNOLOGIES INC United States 2595612 78.12 546,920 42,725,390.40
    0.29 ATKR ATKORE INC United States BDHF495 79.27 508,056 40,273,599.12
    0.29 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 113.87 352,476 40,136,442.12
    0.29 CTRI CENTURI HOLDINGS INC United States BMDPVF7 30.35 1,316,941 39,969,159.35
    0.28 PRIM PRIMORIS SERVICES CORP United States B1GC200 98.65 397,009 39,164,937.85
    0.28 TEX TEREX CORP United States 2884224 63.80 606,477 38,693,232.60
    0.28 ASTE ASTEC INDUSTRIES INC United States 2060370 51.37 750,093 38,532,277.41
    0.28 LPX LOUISIANA-PACIFIC CORP United States 2535243 75.04 511,743 38,401,194.72
    0.27 MDU MDU RESOURCES GROUP INC United States 2547323 21.11 1,798,108 37,958,059.88
    0.27 RYZ RYERSON HOLDING CORP United States B3TPPZ6 30.41 1,243,709 37,821,190.69
    0.27 KNF KNIFE RIVER CORP United States BPLL4V5 76.92 491,708 37,822,179.36
    0.27 MTUS METALLUS INC United States BNBPMX1 20.48 1,835,205 37,584,998.40
    0.26 TPC TUTOR PERINI CORP United States 2681760 74.92 486,347 36,437,117.24
    0.26 TTAM TITAN AMERICA SA United States BNM4XQ7 16.61 2,189,205 36,362,695.05
    0.26 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 25.82 1,391,479 35,927,987.78
    0.26 DNOW DNOW INC United States BMH0MV1 14.03 2,542,696 35,674,024.88
    0.25 HRI HERC HOLDINGS INC United States BZBZ020 144.62 244,466 35,354,672.92
    0.25 GBX GREENBRIER COMPANIES INC United States 2387530 48.17 731,104 35,217,279.68
    0.25 WNC WABASH NATIONAL CORP United States 2932048 9.71 3,608,488 35,038,418.48
    0.24 CSW CSW INDUSTRIALS INC United States BYQD1J6 272.07 122,613 33,359,318.91
    0.23 IIIN INSTEEL INDUSTRIES INC United States 2325875 28.89 1,096,476 31,677,191.64
    0.22 USLM UNITED STATES LIME & MINERAL United States 2724115 108.39 285,037 30,895,160.43
    0.21 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 40.30 730,127 29,424,118.10
    0.20 BMI BADGER METER INC United States 2069128 131.73 216,564 28,527,975.72
    0.20 EXPO EXPONENT INC United States 2330318 57.08 494,719 28,238,560.52
    0.18 CALX CALIX INC United States B3S4L67 38.39 669,330 25,695,578.70
    0.18 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 13.83 1,756,717 24,295,396.11
    0.05 OTHER PAYABLE & RECEIVABLES United States 1.00 6,473,638 6,473,637.93
    0.02 CASH United States 1.00 2,254,585 2,254,584.86
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 05/31/26

    Sector Weight (%)
    Industrials 71.9
    Materials 23.2
    Utilities 3.1
    Information Technology 1.1
    Consumer Discretionary 0.6
    Other/Cash 0.1

    Source: AltaVista Research, LLC

    ETF Characteristics As of 06/12/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 45,691 M
    2025 2026
    Price-to-earnings 31.39 26.02
    Price-to-book value 4.14 3.72

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 05/31/26

    Versus Beta
    S&P 500 1.17
    MSCI EAFE 0.89
    MSCI Emg. Mkts 0.62
    Standard Deviation 20.70%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

    Back to Top